GHLA SuperTrend CCI HighLow Activator For ThinkOrSwim

After you add the STDEV zones then add this to the bottom of the script for labels
Code:
# === Oscillator Range Analysis ===

def isOverbought2 = GannOsc >= UpperLine2;
def isOverbought1 = GannOsc >= UpperLine1;
def isOversold2   = GannOsc <= LowerLine2;
def isOversold1   = GannOsc <= LowerLine1;

def oscZone =
    if isOverbought2 then 2
    else if isOverbought1 then 1
    else if isOversold2 then -2
    else if isOversold1 then -1
    else 0;

def forecastSignal =
    if upSignal and oscZone <= -1 then 1  # Strong Buy
    else if downSignal and oscZone >= 1 then -1  # Strong Sell
    else if upSignal then 2  # Buy Opportunity
    else if downSignal then -2  # Sell Opportunity
    else 0;

# === AddLabel Displays ===

AddLabel(yes,
    if upSignal then "TREND: Bullish (UP)"
    else if downSignal then "TREND: Bearish (DOWN)"
    else "TREND: Neutral/Sideways",
    if upSignal then Color.GREEN
    else if downSignal then Color.RED
    else Color.GRAY
);

AddLabel(yes,
    "GANN STATE: " +
    (if lastState == 1 then "Bull Zone"
     else if lastState == -1 then "Bear Zone"
     else "Neutral"),
    if lastState == 1 then CreateColor(0, 255, 0)
    else if lastState == -1 then CreateColor(255, 165, 0)
    else Color.GRAY
);

AddLabel(yes,
    "OSC Range: " +
    (if oscZone == 2 then "Overbought (2σ)"
     else if oscZone == 1 then "Overbought (1.5σ)"
     else if oscZone == -1 then "Oversold (1.5σ)"
     else if oscZone == -2 then "Oversold (2σ)"
     else "In Range"),
    if oscZone >= 1 then Color.RED
    else if oscZone <= -1 then Color.GREEN
    else Color.LIGHT_GRAY
);

AddLabel(yes,
    "FORECAST: " +
    (if forecastSignal == 1 then "Strong BUY Zone"
     else if forecastSignal == -1 then "Strong SELL Zone"
     else if forecastSignal == 2 then "Buying Opportunity"
     else if forecastSignal == -2 then "Selling Opportunity"
     else "Wait / Watch"),
    if forecastSignal == 1 or forecastSignal == 2 then Color.GREEN
    else if forecastSignal == -1 or forecastSignal == -2 then Color.RED
    else Color.YELLOW
);
 
Here the script with the 2 additional parts by @chewie76 and @antwerks ,thank you.
uFSlaN7.png

Code:
# GHLA_SuperTrend_CCI_High_Low_Activator_Oscillator
#By CANDO13579
#STDEV zones by Chewie
#Oscillator Range Analysis Labels by Antwerks

declare lower;
declare real_size;
input ghlaPeriod = 10;
input stPeriod = 14;
input stShiftTicks = 20.0;
input useFilter = yes;

def minTick = TickSize();
def shift = stShiftTicks * minTick;

# -----------------------------
# GHLA Logic
# -----------------------------
def ghlaAvgH = Average(high, ghlaPeriod);
def ghlaAvgL = Average(low, ghlaPeriod);

def sw = if close > ghlaAvgH then 1
else if close < ghlaAvgL then -1
else 0;

def ghlaDir = CompoundValue(1, if sw != 0 then sw else ghlaDir[1], 0);
def ghlaLevel = if ghlaDir < 0 then ghlaAvgH else ghlaAvgL;

# -----------------------------
# Custom CCI using Typical Price
# -----------------------------
def tp = (high + low + close) / 3;
def tpSMA = Average(tp, stPeriod);
def meanDev = Average(AbsValue(tp - tpSMA), stPeriod);
def cciValue = if meanDev == 0 then 0 else (tp - tpSMA) / (0.015 * meanDev);

# -----------------------------
# SuperTrend State Machine
# -----------------------------

# stFlag: 1=long, -1=short
rec stFlag = if IsNaN(stFlag[1]) then if cciValue >= 0 then 1 else -1
else if cciValue > 0 and stFlag[1] <= 0 then 1
else if cciValue < 0 and stFlag[1] >= 0 then -1
else stFlag[1];

rec st = if IsNaN(st[1]) then if cciValue >= 0 then low - shift else high + shift
else
if cciValue > 0 and stFlag[1] <= 0 then low - shift
else if cciValue < 0 and stFlag[1] >= 0 then high + shift
else
if stFlag > 0 and (low - shift) > st[1] then low - shift
else if stFlag < 0 and (high + shift) < st[1] then high + shift
else
if useFilter and stFlag > 0 and st[1] < st[1] and (close < open or high < high[1]) then st[1]
else if useFilter and stFlag < 0 and st[1] > st[1] and (close > open or low > low[1]) then st[1]
else st[1];

# -----------------------------
# signals
# -----------------------------
def notNaST = !IsNaN(st);
def upSignal = notNaST and close > st and close > ghlaLevel;
def downSignal = notNaST and close < st and close < ghlaLevel;
def neutralSignal = notNaST and !upSignal and !downSignal;

# -----------------------------
# Output (centered)
# -----------------------------
def signalCenter = 0;
plot Sig = signalCenter;
Sig.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
Sig.SetLineWeight(4);

Sig.AssignValueColor(
if upSignal then Color.GREEN
else if downSignal then Color.RED
else Color.LIGHT_GRAY
);

# Boundary reference lines
# -----------------------------
plot UpperLine = 1;
UpperLine.SetDefaultColor(Color.DARK_GRAY);
UpperLine.SetStyle(Curve.SHORT_DASH);

plot LowerLine = -1;
LowerLine.SetDefaultColor(Color.DARK_GRAY);
LowerLine.SetStyle(Curve.SHORT_DASH);

# Gann High/Low Activator Oscillator

input activatorPeriod = 14;

# Calculate simple moving averages
def avgHigh = Average(high, activatorPeriod);
def avgLow = Average(low, activatorPeriod);

# Determine state
def bullState = close > avgHigh;
def bearState = close < avgLow;

# Track the last valid state
def lastState = CompoundValue(1,
if bullState then 1
else if bearState then -1
else lastState[1],
0);

def avgRange = avgHigh - avgLow;
def oscillator =
if avgRange != 0 then
if lastState == 1 then (close - avgLow) / avgRange
else if lastState == -1 then (close - avgHigh) / avgRange
else 0.5
else 0.5;

# Plot oscillator
plot GannOsc = oscillator;
GannOsc.SetLineWeight(2);
GannOsc.AssignValueColor(
if lastState == 1 then CreateColor(0, 255, 0) # Green
else if lastState == -1 then CreateColor(255, 165, 0) # Orange
else Color.GRAY
);

# Plot midline
plot MidLine = 0.5;
MidLine.SetDefaultColor(Color.LIGHT_GRAY);
MidLine.SetStyle(Curve.SHORT_DASH);
# 2 Standard Deviation Full

input deviations = 2.0;
input deviations2 = 2.5;
input fullRange = yes;
input length = 300;

def regression;
def stdDeviation;
if (fullRange) {
regression = InertiaAll(GannOsc);
stdDeviation = StDevAll(GannOsc);
} else {
regression = InertiaAll(GannOsc, length);
stdDeviation = StDevAll(GannOsc, length);
}

plot UpperLine1 = regression + deviations * stdDeviation;
#plot MiddleLine = regression;
plot LowerLine1 = regression - deviations * stdDeviation;

UpperLine1.SetDefaultColor(Color.RED);
LowerLine1.SetDefaultColor(Color.GREEN);
UpperLine1.SetLineWeight(1);
LowerLine1.SetLineWeight(1);
UpperLine1.HideBubble();
UpperLine1.HideTitle();
LowerLine1.HideBubble();
LowerLine1.HideTitle();


plot UpperLine2 = regression + deviations2 * stdDeviation;
plot LowerLine2 = regression - deviations2 * stdDeviation;

UpperLine2.SetDefaultColor(Color.RED);
LowerLine2.SetDefaultColor(Color.GREEN);
UpperLine2.SetLineWeight(1);
LowerLine2.SetLineWeight(1);
UpperLine2.HideBubble();
UpperLine2.HideTitle();
LowerLine2.HideBubble();
LowerLine2.HideTitle();

AddCloud(UpperLine2, UpperLine1, Color.RED, Color.CURRENT);
AddCloud(LowerLine1, LowerLine2, Color.GREEN, Color.CURRENT);
# === Oscillator Range Analysis ===

def isOverbought2 = GannOsc >= UpperLine2;
def isOverbought1 = GannOsc >= UpperLine1;
def isOversold2 = GannOsc <= LowerLine2;
def isOversold1 = GannOsc <= LowerLine1;

def oscZone =
if isOverbought2 then 2
else if isOverbought1 then 1
else if isOversold2 then -2
else if isOversold1 then -1
else 0;

def forecastSignal =
if upSignal and oscZone <= -1 then 1 # Strong Buy
else if downSignal and oscZone >= 1 then -1 # Strong Sell
else if upSignal then 2 # Buy Opportunity
else if downSignal then -2 # Sell Opportunity
else 0;

# === AddLabel Displays ===

AddLabel(yes,
if upSignal then "TREND: Bullish (UP)"
else if downSignal then "TREND: Bearish (DOWN)"
else "TREND: Neutral/Sideways",
if upSignal then Color.GREEN
else if downSignal then Color.RED
else Color.GRAY
);

AddLabel(yes,
"GANN STATE: " +
(if lastState == 1 then "Bull Zone"
else if lastState == -1 then "Bear Zone"
else "Neutral"),
if lastState == 1 then CreateColor(0, 255, 0)
else if lastState == -1 then CreateColor(255, 165, 0)
else Color.GRAY
);

AddLabel(yes,
"OSC Range: " +
(if oscZone == 2 then "Overbought (2σ)"
else if oscZone == 1 then "Overbought (1.5σ)"
else if oscZone == -1 then "Oversold (1.5σ)"
else if oscZone == -2 then "Oversold (2σ)"
else "In Range"),
if oscZone >= 1 then Color.RED
else if oscZone <= -1 then Color.GREEN
else Color.LIGHT_GRAY
);

AddLabel(yes,
"FORECAST: " +
(if forecastSignal == 1 then "Strong BUY Zone"
else if forecastSignal == -1 then "Strong SELL Zone"
else if forecastSignal == 2 then "Buying Opportunity"
else if forecastSignal == -2 then "Selling Opportunity"
else "Wait / Watch"),
if forecastSignal == 1 or forecastSignal == 2 then Color.GREEN
else if forecastSignal == -1 or forecastSignal == -2 then Color.RED
else Color.YELLOW
);

Here:
 

Attachments

  • GHLAV3.png
    GHLAV3.png
    70.2 KB · Views: 40
Last edited by a moderator:
Adding an average line is also helpful. Adjust to your liking. Try 8/9 for shorter, or 20 for longer.

input linelength = 20;
plot line = MovingAverage( AverageType.EXPONENTIAL, GannOsc, linelength);
line.setdefaultColor(color.white);
 
Having a histogram plotted can also help you as it shows each candle change. Give this a go.
1766232062998.png


plot GannOscH = oscillator;
GannOscH.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);

GannOscH.AssignValueColor(if GannOscH > GannOscH[1] and GannOscH > 0
then Color.yellow
else if GannOscH > 0 and GannOscH < GannOscH[1]
then color.red
else if GannOscH < 0 and GannOscH < GannOscH[1]
then Color.cyan
else createColor(51,102,255));
 

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
1105 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top